Protesters in Baghdad carry Iranian and militia flags at a bridge leading to the fortified Green Zone, where the US embassy is located. AP
Protesters in Baghdad carry Iranian and militia flags at a bridge leading to the fortified Green Zone, where the US embassy is located. AP
Protesters in Baghdad carry Iranian and militia flags at a bridge leading to the fortified Green Zone, where the US embassy is located. AP
Protesters in Baghdad carry Iranian and militia flags at a bridge leading to the fortified Green Zone, where the US embassy is located. AP

Iran-backed Iraqi militia threatens to attack Israel and its allies


Sinan Mahmoud
  • English
  • Arabic

A Tehran-backed armed faction in Iraq has threatened to join the war between Israel and Iran, heightening concerns that the conflict, now in its fourth day, could spread across the region.

The True Promise Corps, part of a shadowy coalition calling itself the Islamic Resistance Iraq, said on Monday that it would launch attacks against Israel and its interests in the region.

“We declare that all the sites and camps of the entity [Israel] and anyone who supports it in the region are targets for us,” its leader, Mohammed Al Tamimi, said in a statement on X.

The threat marks a sharp shift in tone by Iran-backed Iraqi militias, who said previously that they would enter the conflict only if US forces based in the country intervened to support Israel.

The Islamic Resistance in Iraq has previously claimed responsibility for drone and rocket attacks against Israel and US forces in the region over Israel's war in Gaza.

Mr Al Tamimi also threatened action against “Israeli agents” in Iraq. He singled out the capital of Iraq's autonomous Kurdistan Region, Erbil, as a potential target, calling it a hub for “training agents and spies”.

Iran and its Iraqi proxies have long accused the Kurds of hosting a station of Israel's Mossad spy agency in the region. They have launched several attacks on Erbil, including with ballistic missiles launched from Iran.

Iran's regional proxy network has come under unprecedented pressure since the war in Gaza began in October 2023, with leaders and commanders killed by Israel. But Iran-backed groups in Iraq have so far avoided the level of Israeli attacks faced by other groups such as Hezbollah in Lebanon and Hamas in Gaza.

On Sunday, the powerful Kataib Hezbollah group said it was monitoring movements of US troops in the region. “If America intervenes in the war, we will act without any hesitation against its interests and bases in the region,” the group said.

People inspect the site of an Iranian missile strike in Moshav Zavdiel, Israel, on Monday. AFP
People inspect the site of an Iranian missile strike in Moshav Zavdiel, Israel, on Monday. AFP

It called on the government to close the US embassy and expel American troops who are in Iraq as part of the multination coalition against ISIS.

Other Iran-backed groups such as Hezbollah Harakat Al Nujabaa, Kata'ib Sayyid Al Shuhada and Asaib Ahl Al Haq have taken the same position.

Tehran holds significant sway through political and paramilitary proxies in Iraq, and their involvement in the conflict could destabilise the country's recovery from years of war and sectarian violence.

“With each passing day, this conflict inches us closer to our worst nightmare: being dragged into this,” an Iraqi diplomat told The National.

The Iraqi government has asked both Iran and US, its two most important allies, to prevent Baghdad from being caught up in the middle of the conflict, he said.

“We have made it clear to the Iranians that targeting the US troops in Iraq, whether directly or indirectly, will complicate the situation and asked them not to consider this option,” he said. “They replied positively.”

Prime Minister Mohammed Shia Al Sudani told Iranian President Masoud Pezeshkian in a phone call on Sunday that “Iraq is keen to prevent the war from expanding”, according to a statement from his office.

Mr Pezeshkian “urged the Iraqi government to take measures to protect its airspace and prevent its territory from being exploited by adversaries”, according to an Iranian statement.

In a move to alleviate Iranian concerns, Iraq deployed air defence systems in several “sensitive areas” around the country on Sunday, mainly near the borders with Iran. Iraq has also lodged a formal complaint with the UN Security Council regarding Israel's violation of its airspace after it began attacking Iran on Friday.

Ihsan Al Shammari, head of the Iraqi Political Thinking Centre, said the government in Baghdad is “powerless to persuade the Tehran-backed armed factions and won't be able to limit their activities”.

However, involving these groups in the war with Israel is not an option for Iran at the moment, he told The National.

“The overt role of these factions might be postponed to a future phase,” he said. “For now, Iranians prefer to maintain one of their elements of strength in Iraq.”

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

Brief scores:

Day 1

Toss: India, chose to bat

India (1st innings): 215-2 (89 ov)

Agarwal 76, Pujara 68 not out; Cummins 2-40

New Zealand 21 British & Irish Lions 24

New Zealand
Penalties: Barrett (7)

British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell 
 

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Updated: June 18, 2025, 10:21 AM